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Impacto Corporation Produces Four Products in a Joint Process for $650,000

Question 44

Multiple Choice

Impacto Corporation produces four products in a joint process for $650,000. The following information is available on total sales and production in units:  Products  Sales  Production I1,0004,000 L 2,0005,000 E 3,0007,000 S 4,0008,000\begin{array}{lll}\text { Products }& \text { Sales }& \text { Production }\\\mathrm{I} & 1,000 & 4,000 \\\text { L } & 2,000 & 5,000 \\\text { E } & 3,000 & 7,000 \\\text { S } & 4,000 & 8,000\end{array} What amount of joint costs will be allocated to I based on the physical units method?


A) $100,000
B) $650,000
C) $108,355
D) $300,000

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